Thursday, 10 August 2017

EPIC RESEARCH MCX ALUMINIUM UPDATE OF 10 AUGUST 2017

Aluminium trading range for the day is 127.1-131.1. Aluminium sentiments gained as LME hit a 2-1/2 year peak above US$2,000 a tonne lifted by growing concerns over supply cuts. China's Shandong province has ordered 3.21mtns of smelting capacity to be shut as Beijing intensifies efforts to curb pollution. The Trump administration has slapped anti-dumping duties on aluminium foil imports from China after preliminarily finding that they were subsidised.